Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by Caroline

I would like to buy dinars with a credit card from a company in the United States. I would appreciate any recommendations from anyone who has successfully done this as to which company they used.

Thanks.

Here's to a very prosperous 2006!

Caroline

Greetings Caroline,

Yes, it is getting near impossible to find any dealer taking credit cards now, and believe me, I have scanned dozens, some who use to accept then lost their merchant account. PayPal won't allow it anymore either as I was selling on eBay.

Free-Dinar had started accepting orders on credit cards, but they were overwhelmed with orders and the merchant pulled rug out from under them, so they too are scrambling for another merchant. The whole online industry is starting to feel the pressure of credit card merchants dropping like crazy, so Free-Dinar announced that they can only accept limited credit card orders until this is resolved.

TrafficDinar is the only one with reasonable prices who are still taking credit cards. I ordered from another company, big on the internet, and it has now been 5 weeks with nothing, so be careful, we are at the point in time where I fear some will not ship if you are caught in the revalue timeframe which is impending. I know from my Iraqi-Investment sourses that the currency is near impossible to find in the last few days in Iraq and Jordan, where most is coming out of, so I suspect the window of opportunity is closing.

Good luck to all, Mike

My contact takes credit cards is reasonably priced, based in Europe and sends Dinar worldwide. The notes are new and uncirculated.

I've ordered 5 million from him and always get the order within 7 days. Feel free to pm me for the details.

Well, thanks Adster, I have already received info from you about your source. However, since I'm in the U.S., I'm concerned about recieving a shipment of this currency from outside the country. If any other Americans have received shipments of dinars from outside the U.S., I would appreciate hearing from you as to how it went.

Thanks also to you, Mike, for all your info.

Caroline

Originally Posted by Caroline

Well, thanks Adster, I have already received info from you about your source. However, since I'm in the U.S., I'm concerned about recieving a shipment of this currency from outside the country. If any other Americans have received shipments of dinars from outside the U.S., I would appreciate hearing from you as to how it went.

Thanks also to you, Mike, for all your info.

Caroline

Hi Caroline,

I live in the United States and I have ordered and received Dinars from Adster's very friendly source twice. It went very well. Received them both in about 7 days and that was through the Christmas holiday and New Year holiday.

Someone needs to be home to sign for them or they leave a note and you may pick them up at your post office.

tandm

p.s. Thanks Adster!!

Originally Posted by Caroline

Well, thanks Adster, I have already received info from you about your source. However, since I'm in the U.S., I'm concerned about recieving a shipment of this currency from outside the country. If any other Americans have received shipments of dinars from outside the U.S., I would appreciate hearing from you as to how it went.

Thanks also to you, Mike, for all your info.

Caroline

I ordered form this source and am very satisfied!

Thanks all, Bruce is great, no complaints, only satisfied customers. Can't say that about other Companies.....

Anyway, pm me for Brucie's details.

What has happen with the dinar in the last week has been very significant.

Iraq has been under IMF (international monetary fund) directive using a EPCA agreement for the past 2 years. In this document states, that it was impossible to determine the value of the dinar 2 years ago and so a benchmark exchange rate (not market forces) was decided, and that the CBI Central Bank of Iraq was to maintain a stable rate over the 2 year period, which the CBI has done. This is why we haven't seen any increase in the Dinar's value in spite of its 120 billion USD debt being reduces to 30 billion USD. Well the EPCA agreement expired last week on Dec 31, 2005. Iraq on the Dec 23rd signed a SBA Standby Agreement with the IMF in lieu of the EPCA. This new agreement is needed to allow the dinar to become convertible and acceptable on the world market. Basically this agreement will allow to the IMF to intervene if there is a sudden depreciation of the dinar. The IMF will supply more money to back the dinar. This is one of the functions of the IMF.

The prognosis..well since the debt forgiveness has been reduced and agreements have been signed worldwide, the CBI is no longer bound by the EPCA agreement, the CBI governor Sinn Al Shabibi has been quoted as saying he want to see the dinar return to it former value of $3 and the dinar being a convertible currency, the Iraqi Minister of Finance being quote as saying he is in communication with Washington on a more desirable rate for the dinar, the new oil fields discovered in northern Iraq this last week, 45 billion barrels reserves (officially Iraq had 115 billion barrel reserve, this is a 39% in its reserves ), Iraq desires to join the WTO World Trade Organization (needs a convertible currency to do so), and the present increase in oil prices in Iraq, all lead me to believe that Iraq is on a course of a revalue of the dinar. How much you may well ask. I don't know....but I do know it won't be at $0.0007 otherwise foreign investors would own Iraq once the Iraqi Stock Exchange opens to outside investors.

Over the past year there has been milestones to accomplish and albeit slow at times, Iraq has accomplished it. There are no more milestones to monitor. As of today, Iraq's constitution provides the CBI and newly elected government sovereign power of control over political and economical resources.

Now it is a period of waiting as it is the Iraqis sole decision to decide on how much the dinar is worth and at what rate they wish to launch the currency at and more importantly when they want to do this.

I hope this has helped you the reality of the dinar potential as oppose to a few badly written comments in the newspaper/internet etc.

What has happen with the dinar in the last week has been very significant.

Iraq has been under IMF (international monetary fund) directive using a EPCA agreement for the past 2 years. In this document states, that it was impossible to determine the value of the dinar 2 years ago and so a benchmark exchange rate (not market forces) was decided, and that the CBI Central Bank of Iraq was to maintain a stable rate over the 2 year period, which the CBI has done. This is why we haven't seen any increase in the Dinar's value in spite of its 120 billion USD debt being reduces to 30 billion USD. Well the EPCA agreement expired last week on Dec 31, 2005. Iraq on the Dec 23rd signed a SBA Standby Agreement with the IMF in lieu of the EPCA. This new agreement is needed to allow the dinar to become convertible and acceptable on the world market. Basically this agreement will allow to the IMF to intervene if there is a sudden depreciation of the dinar. The IMF will supply more money to back the dinar. This is one of the functions of the IMF.

The prognosis..well since the debt forgiveness has been reduced and agreements have been signed worldwide, the CBI is no longer bound by the EPCA agreement, the CBI governor Sinn Al Shabibi has been quoted as saying he want to see the dinar return to it former value of $3 and the dinar being a convertible currency, the Iraqi Minister of Finance being quote as saying he is in communication with Washington on a more desirable rate for the dinar, the new oil fields discovered in northern Iraq this last week, 45 billion barrels reserves (officially Iraq had 115 billion barrel reserve, this is a 39% in its reserves ), Iraq desires to join the WTO World Trade Organization (needs a convertible currency to do so), and the present increase in oil prices in Iraq, all lead me to believe that Iraq is on a course of a revalue of the dinar. How much you may well ask. I don't know....but I do know it won't be at $0.0007 otherwise foreign investors would own Iraq once the Iraqi Stock Exchange opens to outside investors.

Over the past year there has been milestones to accomplish and albeit slow at times, Iraq has accomplished it. There are no more milestones to monitor. As of today, Iraq's constitution provides the CBI and newly elected government sovereign power of control over political and economical resources.

Now it is a period of waiting as it is the Iraqis sole decision to decide on how much the dinar is worth and at what rate they wish to launch the currency at and more importantly when they want to do this.

I hope this has helped you the reality of the dinar potential as oppose to a few badly written comments in the newspaper/internet etc.

Sounds great to me and makes sense. We purchased another 2 million this week from Amar. Got shipping confirmation yesterday within 2 days,

Lookin' good! I really hope this one pays off. I've said before that I've not got as many Dinars as some of you (a mere 750,000) but hopefully it'll do my nicely, and Adster has said he'll buy the beers (which as we're both in Surrey I'm going to hold him to! Mind you, might have to buy him one for putting me in contact with Bruce!)